Hi to all my 🎵AUDIO🎧 fellas. This is my take:
Audius is breaking up this triangle , so I think there is chance for run to 2.77 and even higher.🔊 Buying now.
ENTRY : local high @ 2.42 and lower
SL : local low @ 2.31
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL) @ 2.77
RRR : 3.5+
INVALIDATION : when SL level hit
...
After seeing incredible gains during March, AUDIO has seen a very strong correction in April, where it lost more than 70% of its total value at one point.
Since two days, bullish investors have regained control of the market and started buying up crypto assets. This caused the immense gain of AUDIO over the last three days. Furthermore, this bullish push pierced...
AUDIO 4 HR TF
Fundamentally speaking, this project seems solid.
There some big artist in the scene that use this platform as well as other reasons.
Technically speaking, it is a great buy level!
Market cap is still relatively decent too.
I would love to see a double bottom form at the recent lows before jumping in!
Short term targets are the yellow box
As always,...
The market may have sold off a bit, and technically this was due, but nothing has changed fundamentally about Audius/$AUDIO since my last chart.
Still projecting $AUDIO to bounce hard of it's recent low around $1.41 (a clear oversold level) to break the previous ATH of $5 and on to the fib line in the $12 - $13 range by mid June!
$AUDIO staking yields are still...
This is a daily chart for Audius $AUDIO.
I've traded $AUDIO plenty of times these months, always been very profitable but in this occasion made a mistake getting greedy on the April 12th breakout candle. I had scalped it twice and took profit every time it retraced and reentered after. I should´ve seen the decreasing volume on the histogram (white segmented line)...
Continuation pattern forming on both USD and BTC pair for AUDIUS..
Interesting project..
Could see a continuation of uptrend soon.
MFI is oversold, RSI looks like it's finding some support.
Stochastic RSI price action is flat, looking for a crossover and move above 20 there (not displayed here), would wait for confirmation of these factors and a break to the...
All the info is written on the chart.
Still long term bullish, but I still expect some more short term downside based on the chart.
The green dash lines are possible re-entry levels, but they're subject to change with market conditions. Scale in and consider using stop loss orders to conserve capital in case of more downside.
happy trades,
CD
Grounds:
1.Audio has an efficient app already work and at the beginning of April had 3 million users
2. Audio is on the Grayscale product list
3. It bounces off the trendline a second time and is still in an uptrend
4. As the first and only music application that starts with the NFT, which has a huge hype.
5. You can see a huge power of buyers last month.
6....
After seeing incredible gains during March, AUDIO has cooled off a little. Currently, AUDIO is residing near the bottom of the trend line, potentially bouncing off from it.
Seemingly, AUDIO is at the start of a new bullish period. Higher highs and lower lows have been formed in the last two weeks. I'm confident we will see more price action soon.
Happy trading!
Based on the current Trend, and the step fall it has had for the past few weeks, we could see a few days, if not till the end of the month it could consolidate, seeing as now the major alts are pumping.
This said, Audio has been breaking resistance points for the past few days, and there was a major buy signal on the 12th of April which could also indicate that...
AUDIO has been in a descending wedge for a while now. Compared to the other run ups, AUDIO didn't go up as much, and has since retraced back down to lower levels. AUDIO has around 4 million active users now and growing, and could become a decentralized Spotify in the future. Expect a bullish run soon once volume starts to pick up. Higher risk taking individuals...
After a massive 3000% run up over the past few months, AUDIO entered a steady retrace as most altcoin PA stagnated due to BTC volatility.
However, 4 days ago the Audius team announced planned NFT integration, covered by coindesk here:
www.coindesk.com
Anything NFT related is getting a lot of attention / bullish investment, so this news drop was a well-timed...
This is a great run for $AUDIO and I think it will continue to climb. There might be some occasional dumps (expirations, etc.) coming up but that is nothing to be worried about IMO. #DYOR
Disclosure: Author of this idea holds $AUDIO.
